Compliance Management

Yesterday's notice rescinding the CFPB rulemaking procedural rule references a rarely acknowledged problem in regulatory change monitoring: the distinction between the agency announcement of a rulemaking action and its publication in the Federal Register. Banking agencies typically announce rulemaking actions on their websites when they are transmitted to the Federal Register, but official publication in the Federal Register can take several weeks. There are important reasons to capture and track both events: 1️⃣ The agency announcement is important because stakeholders in regulated...

We advise banks, fintechs, mortgage companies and others on regulatory compliance across the full spectrum of consumer protection and prudential requirements. Our regulatory practice covers consumer compliance (TILA, RESPA, UDAP/UDAAP, FCRA, HMDA, fair lending), safety and soundness issues, payments rules, and regulatory change management. We help clients understand the impact of new regulations, build compliance programs, and maintain comprehensive regulatory inventories. Services provided by the Regulation & Compliance practice include: Capital Analysis: We assess treatment of assets,...

We help RegTech software companies and internal teams design, develop, and deliver products for financial services compliance, licensing, and regulatory affairs use cases. We support product management and testing with a unique blend of expert advice and artifacts that encapsulate domain knowledge. We also help teams engaged with financial services customers understand customer needs, communicate product capabilities, and ensure successful implementation. Services provided by the Regulatory Technology practice include: AI Support: We support every stage of AI solution development for...